Supreme Industries

MUMBAI: Supreme Industries extended gains to 4 per cent after the company's board approved buying back shares. The buyback of its fully paid equity shares, from the open market, through the stock exchanges, was fixed upto Rs 125 per share budgeting Rs 2,457.20 lakhs being 10% of the total paid up capital and free reserves as per audited balance sheet for the year ended June 30, 2008. At 2 pm, the stock erased all its gains and was trading 0.57 per cent lower at Rs 112.40...

NEW DELHI: The S&P BSE Sensex plunged over 300 points in trade on Tuesday, but that didn't bother traders to cherry pick quality stocks at lower levels in the small and midcap space. Bucking the overall markets trend, the real action was seen in small and midcap space wherein as much as 448 stocks managed to hit their fresh 52-week high on the Bombay Stock Exchange . Stock which rose to their fresh 52-week high on the BSE include names like ...

The plastic goods maker Supreme Industries gained over 4.2% in last two days on reporting over 38% net profit growth for the Jan-Mar'13 quarter. The scrip has outperformed the BSE Small cap and BSE Mid Cap indices in 2013 by staying firm regardless of the carnage in the small and mid caps. For the Mar'13 quarter the company reported 12.9% volume growth to 74,526 metric tonne. The piping division witnessed 18% y-o-y volume growth to 47500 tonne during the quarter, as against 16%...

MUMBAI: Supreme Industries has posted a 1.2% marginal growth in net profit for Dec'12 quarter to Rs 62.2 crore . However, that was mainly because the company didn't have any revenues from sale of real estate assets in Dec'12 quarter v/s Rs 48.5 cr in the Dec'11 quarter. The company's core plastics business is progressing on planned lines to achieve steady growth in years to come. On the other hand the company's plastics...

In a chat with ET Now, Dilip Bhat , Joint MD, Prabhudas Lilladher , shares his market outlook. Excerpts: ET Now: What is it that you are advising investors at this juncture because the general consensus is that while we are bracing ourselves for a very strong bull market, you might see a few bumps on the way? Dilip Bhat: Sure, that is what we also think. The best part is, all of us believe that in the long term we are in a bull market....

The equity markets may not have been the most favoured asset class five years ago, but seven of the companies in BSE 200 have given more than ten-fold returns since then while 20 have given returns of between five and 10 times. Outracing all others, Eicher Motors , the manufacturer of Royal Enfield bikes, has seen its stock multiply 24 times in the past five years from Rs 420 in 2009 to about Rs 10,000 now, excluding dividends paid out...

Avinash Gorakshekar , VP Research, Edelweiss Financial Advisors in an interview with ET Now talks about Supreme Industries. What are you recommending to clients this morning? Clearly this is a very short term bounce. So we have been telling our clients that especially from the interest rates sensitives, keep away. The infrastructure space, the reality space and the auto space, these are 3 pockets where possibly we are going to see bad numbers coming up...

Mumbai-based Supreme Industries is expanding aggressively while its plastic goods business is growing fast. Rising domestic demand, sound financials and the expected earnings from sale of its commercial complex in Andheri make the company attractive for long term investors at current valuation. BUSINESS: Supreme Industries is India's largest manufacturer of plastic goods with annual volumes exceeding 1.9 lakh tonne and turnover over '2,000 crore.

ET Now's Nikunj Dalmia shares his views about Supreme Industries based on market sources. Excerpts: Nikunj Dalmia: Supreme Industries is making come back once again. The company is sitting on a large sizable land bank and the value of that land bank is about Rs 350 crore. In past, they have managed to monetise portion of the land bank, but in next 6-8 months, there is a serious consideration that they want to monetise the...

MUMBAI: Sandeep Wagle , MD, APTART is of the view that Supreme Industries has seen a price and volume breakout. He has advised traders to buy the stock for target of Rs 782. "Buy Supreme Industries in the range of Rs 748-743 with stop-loss of Rs 736 for target of Rs 782. Price and volume breakout seen in the stock," said Wagle. Note: Trading idea valid for time-period of 7-8 trading sessions. The entry / exit price...

In a chat with ET Now, Amit Khurana, Dolat Capital Market shares his views on Astral Poly and Supreme Industries . Excerpts: ET Now: What is the call on Astral Poly and Supreme Industries? Amit Khurana: Both these stocks are fairly priced in my opinion, but the structural story remains very much intact and I guess it may make for sound advice to take some money off the table. However, we have not downgraded these stocks to a 'sell'. What we...

MUMBAI: After a four-month lull, risk-averse investors, particularly pensioners, can once again park a slice of their savings in fixed deposit (FD) plans offered by manufacturing companies. Over a fortnight, companies like Gati, Prism Cement, Empire Industries have started accepting FDs from investors. Along with others like Godrej Industries, Godrej Properties, Mahindra and Mahindra , Supreme Industries, these companies had stopped...

In a chat with ET Now, Ashwani Gujral of ashwanigujral.com shares his view on Supreme Industries . ET Now: What is your call on Supreme Industries? Ashwani Gujral: Supreme Industries is a 'Buy' call with a target of Rs 635 and a stop loss of Rs 600.

NEW DELHI: The 50-share Nifty index is expected to open higher on Monday following positive trend seen in SGX Nifty, but muted trend seen other Asian markets may cap additional gains. Tracking the momentum, the index is expected to head towards its next crucial psychological level of 7,700 in trade today. However, at higher levels some bit of selling pressure cannot be ruled out, say analysts. "In the absence of any major macro-economic event on domestic...

NEW DELHI: The S&P BSE Sensex, which rallied nearly 220 points in trade on Monday, ended with modest gains, weighed down by losses in Infosys , L&T and State Bank of India . Tracking the momentum, as much as 258 stocks rose to their fresh 52-week high on the Bombay Stock Exchange, which include names like Axis Bank , Sun Pharmaceuticals, Adani Ports, IDFC, Century Textiles , Eicher Motors , MCX, and Page Industries....

NEW DELHI: Plastic products maker Supreme Industries today reported 9.63 per cent rise in net profit at Rs 119.43 crore for the fourth quarter ended June 30. The company had reported a net profit of Rs 108.93 crore in the corresponding period last year, Supreme Industries said in a statement. The company, which follows July-June financial year, posted 20.95 per cent rise in net sales during the quarter at Rs 1,256.43 crore as compared to Rs 1,038.75 crore in...

Shares of Supreme Industries and Chemplast Sanmar gained, after prices of crude oil, which is used as major input in production of plastic products, fell over 6% late Thursday evening, in the international market. Nymex crude fell $4.39 to settle at $91 after International Energy Agency said it will make 60 million barrels available over the next one month. According to analysts, higher crude prices put pressure on the earnings of companies using plastic and...